Hefei Industry Investment

Hefei Industry Investment (合肥市产投) is a state-backed investment fund in Hefei, Anhui Province, positioned as part of the city's broader "investment-driven industrial development" model . It operates alongside Hefei Construction Investment Holding Group (合肥建投) as a core state-owned capital platform, with the latter handling landmark bets like BOE's display-panel lines and NIO's rescue financing while Hefei Industry Investment takes more distributed roles in the ecosystem .

The fund's activity is most visible in co-investment capacity. In September 2022, it followed CCB International's lead in a round for GalaxySpace, a satellite internet company, alongside Anhui's "Triple Innovation" fund and Zhenwei Fund . More recently, in early 2026, a Hefei district-level fund under the same municipal system (合肥市包河区创业投资基金) followed in a strategic round for Yitu Technology, an AI-for-automotive startup .

In the new-energy sector, Hefei Industry Investment has been cited as emblematic of rising local-government fund participation, where capital deployment ties directly to companies' needs for factory and park landing rights in Hefei . The city's approach—using state capital to anchor industrial clusters—has drawn the "venture capital city" label, with Hefei Industry Investment serving as one of its financial instruments .

elsewhere's corpus does not contain detailed information on Hefei Industry Investment's founding date, AUM, or dedicated investment team.